The price an incumbent monopolist sets that enables it to impede entry into the market is called the

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A limit price is the price set by an incumbent monopolist that is low enough to deter potential entrants from entering the market due to the inability to earn profits. This strategy allows the incumbent monopolist to maintain its market power and prevent competition, which is against the interests of consumers. The monopolist price is simply the price set by the monopolist to maximize profits and may not necessarily impede entry. The welfare-optimizing price is the price that maximizes social welfare, which takes into account both consumer and producer surplus and is generally lower than the monopolist price.

The Price an Incumbent Monopolist Sets That Enables It to Impede